SYMC multiyear breakout

Symantec broke out last week. It broke the resistance that has been valid since beginning of 2005! I took today's sell-off as a chance to establish my long position. Could be the beginning of recovery, at last.

Over the years I have had more losers than winners when I buy a longer term downtrending stock. I know they don't have to go down forever, new management, new product or other reasons can turn them around, but from a risk/reward standpoint my experience has been more losers than winners. I get many more winners when I buy an uptrending stock that has pulled back to around the bottom of its Linear Regression Channel. Just my experience, GOOD LUCK.